If Economic Profit Is Equal to Zero, Then

question 212

Multiple Choice

If economic profit is equal to zero, then

• A) the entrepreneur's profit as measured by accountants is also equal to zero.
• B) the entrepreneur's profit as measured by accountants must be less than zero.
• C) the entrepreneur is earning only a normal profit.
• D) The entrepreneur's profit cannot be determined based on the information given.

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Definitions:

Intrinsic Motivation

refers to the internal drive to engage in an activity for its own sake, deriving satisfaction and fulfillment from the activity itself rather than from external rewards or pressures.

Nature

The influence of our inherited characteristics on our personality, physical growth, intellectual growth, and social interactions.

Enjoyment

is the feeling of pleasure derived from experiencing or doing something that one finds satisfying or delightful.

Frustration

The feeling of distress and annoyance resulting from being blocked from reaching a goal.